【SMM Alumina Morning Review: Upstream Inquiries Increase, Spot Prices Remain Stable】 After the holiday, alumina companies still focus on maintaining long-term supply, and spot prices remain stable. However, some electrolytic aluminum plants have a certain demand for replenishing stocks after the holiday, and inquiries have increased. Overall, the domestic alumina supply and demand pattern has not changed significantly compared to before the holiday. SMM expects that short-term domestic spot prices will mainly fluctuate within a narrow range. It is necessary to continue to pay attention to the recent production expectations of alumina plants in Shanxi and Henan regions, as well as the recent import situation of alumina. As for futures, the previous macroeconomic bullish sentiment has cooled down, and there are no factors guiding the trend of the market as a whole. Short-term market fluctuations are weak.
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